Kaia Foundation To Launch Ship Tokenization Project With Indonesian Shipping Company

According to Foresight News, the Kaia Foundation has announced plans to launch a ship tokenization project named 'Galactica' in collaboration with Indonesia's major shipping company PT. Pelayaran Korindo. The project is set to commence in the early fourth quarter of this year and aims to leverage tokenization technology to innovate the ship purchasing process. Galactica intends to optimize the traditional ship purchasing process by raising funds through decentralized investments in Real World Asset (RWA) tokens. This approach is expected to streamline and enhance the efficiency of acquiring ships, providing a novel method for investment and ownership in the maritime industry.